Toyota Auto Receivables 2023-D Owner Trust
10/29/2024 | Press release | Distributed by Public on 10/29/2024 09:02
Asset Backed Issuer Distribution Report Form 10 D
Servicer's Certificate
for the Collection Period September 01, 2024 through September 30, 2024
for Payment Date of October 15, 2024
Toyota Auto Receivables 2023-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
|
Collection Period |
30 |
30/360 Days |
30 | ||||
|
Interest Accrual Period |
29 |
Actual/360 Days |
29 |
| Class |
Initial Principal Balance |
Final Scheduled Payment Date |
Beginning Principal Balance |
Beginning Principal Factor |
First Priority Principal Distribution Amount |
Second Priority Principal Distribution Amount |
Regular Principal Distribution Amount |
Ending
Principal |
Ending Principal Factor |
|||||||||||||||||||||||||||
| A-1 | $310,000,000.00 | 11/15/24 | $0.00 | 0.0000000 | $0.00 | $0.00 | $0.00 | $0.00 | 0.0000000 | |||||||||||||||||||||||||||
| A-2a | $312,300,000.00 | 11/16/26 | $221,865,083.53 | 0.7104229 | $0.00 | $12,463,620.05 | $6,800,012.34 | $202,601,451.14 | 0.6487398 | |||||||||||||||||||||||||||
| A-2b | $312,300,000.00 | 11/16/26 | $221,865,083.53 | 0.7104229 | $0.00 | $12,463,620.04 | $6,800,012.35 | $202,601,451.14 | 0.6487398 | |||||||||||||||||||||||||||
| A-3 | $554,400,000.00 | 8/15/28 | $554,400,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $554,400,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| A-4 | $71,000,000.00 | 3/15/29 | $71,000,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $71,000,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| B | $40,000,000.00 | 6/17/30 | $40,000,000.00 | 1.0000000 | $0.00 | $0.00 | $0.00 | $40,000,000.00 | 1.0000000 | |||||||||||||||||||||||||||
| Total | $1,600,000,000.00 | $1,109,130,167.06 | $0.00 | $24,927,240.09 | $13,600,024.69 | $1,070,602,902.28 | 0.6691268 | |||||||||||||||||||||||||||||
| Class | Interest Rate |
Interest Distributable Amount |
Prior Interest Carryover |
Interest Distribution Amount |
Current Interest Carryover |
Total
Principal & |
||||||||||||||||||||
| A-1 | 5.60400% | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||||||||||||||
| A-2a | 5.80000% | $1,072,347.90 | $0.00 | $1,072,347.90 | $0.00 | $20,335,980.29 | ||||||||||||||||||||
| A-2b | 5.89207% | $1,053,058.15 | $0.00 | $1,053,058.15 | $0.00 | $20,316,690.54 | ||||||||||||||||||||
| A-3 | 5.54000% | $2,559,480.00 | $0.00 | $2,559,480.00 | $0.00 | $2,559,480.00 | ||||||||||||||||||||
| A-4 | 5.49000% | $324,825.00 | $0.00 | $324,825.00 | $0.00 | $324,825.00 | ||||||||||||||||||||
| B | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||
| Total | $5,009,711.05 | $0.00 | $5,009,711.05 | $0.00 | $43,536,975.83 | |||||||||||||||||||||
Credit Enhancement
| Reserve Account | Yield Supplement Overcollateralization Amount | |||||||||
|
Initial Deposit Amount |
$4,000,007.26 |
Beginning Period Amount |
$98,997,816.82 | |||||||
|
Specified Reserve Account Amount |
$4,000,007.26 |
Increase/(Decrease) |
$(5,414,390.58 | ) | ||||||
|
Beginning Balance |
$4,000,007.26 |
Ending Period Amount |
$93,583,426.24 | |||||||
|
Withdrawals |
$0.00 | |||||||||
|
Amount Available for Deposit |
$17,500,652.40 | Overcollateralization | ||||||||
|
Amount Deposited to the Reserve Account |
$0.00 | |||||||||
|
Reserve Account Balance Prior to Release |
$4,000,007.26 |
Adjusted Pool Balance |
$1,084,202,926.97 | |||||||
|
Reserve Account Required Amount |
$4,000,007.26 |
Total Note Balance |
$1,070,602,902.28 | |||||||
|
Reserve Account Release to Seller |
$0.00 |
Ending Overcollateralization Amount |
$13,600,024.69 | |||||||
|
Ending Reserve Account Balance |
$4,000,007.26 |
Overcollateralization Target Amount |
$13,600,024.69 |
Page 1 of 5
Servicer's Certificate
for the Collection Period September 01, 2024 through September 30, 2024
for Payment Date of October 15, 2024
Toyota Auto Receivables 2023-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
|
Collection Period |
30 |
30/360 Days |
30 | ||||
|
Interest Accrual Period |
29 |
Actual/360 Days |
29 |
Liquidations of Charge-offs and Repossessions
| Cumulative | ||||||||||||||||||||
| Current Period Only | Current Period | Prior Period | Two Periods Prior | Three Periods Prior | ||||||||||||||||
|
Number of Liquidated Receivables |
44 | 318 | 275 | 227 | 180 | |||||||||||||||
|
Gross Principal of Liquidated Receivables |
$1,181,249.57 | $8,959,409.49 | $7,778,159.92 | $6,412,161.55 | $4,975,089.00 | |||||||||||||||
|
Principal of Repurchased Contracts, previously charged-off |
$(1,434.77 | ) | $(82,659.37 | ) | $(81,224.60 | ) | $(81,224.60 | ) | $(81,224.60 | ) | ||||||||||
|
Net Liquidation Proceeds Received During the Collection Period |
$(122,941.11 | ) | $(1,426,121.50 | ) | $(1,303,180.39 | ) | $(1,048,963.92 | ) | $(875,474.26 | ) | ||||||||||
|
Recoveries on Previously Liquidated Contracts |
$(315,485.62 | ) | $(2,074,832.11 | ) | $(1,759,346.49 | ) | $(1,421,094.84 | ) | $(1,146,701.63 | ) | ||||||||||
|
Net Credit Losses |
$741,388.07 | $5,375,796.51 | $4,634,408.44 | $3,860,878.19 | $2,871,688.51 | |||||||||||||||
|
Charge-off Rate (Number of Liquidated Receivables / Initial number of accounts in the pool) |
0.48619% | 0.42045% | 0.34706% | 0.27520% | ||||||||||||||||
|
Number of Accounts with Liquidation Proceeds or Recoveries |
267 | 231 | 191 | 161 | ||||||||||||||||
|
Ratio of Aggregate Net Losses to Average Portfolio Balance |
0.37096% | 0.31444% | 0.25756% | 0.18835% | ||||||||||||||||
|
Number of Assets Experiencing a Net Loss |
295 | 255 | 213 | 169 | ||||||||||||||||
|
Net Credit Losses for Assets Experiencing a Loss |
$5,380,859.34 | $4,638,784.90 | $3,864,775.87 | $2,875,566.94 | ||||||||||||||||
|
Average Net Loss on all assets that have Experienced a Net Loss |
$18,240.20 | $18,191.31 | $18,144.49 | $17,015.19 | ||||||||||||||||
|
Cumulative Net Loss Ratio |
0.30299% | 0.26121% | 0.21761% | 0.16185% | ||||||||||||||||
|
Repossessed in Current Period |
12 vehicles |
Pool Data
| Original | Prior Month | Current Month | |||||||||||
|
Receivables Pool Balance |
$1,774,239,151.48 | $1,221,728,008.57 | $1,177,786,353.21 | ||||||||||
|
Number of Contracts |
65,406 | 54,644 | 53,734 | ||||||||||
|
Weighted Average APR |
5.10% | 5.15% | 5.16% | ||||||||||
|
Weighted Average Remaining Term (Months) |
54.72 | 44.70 | 43.79 |
Page 2 of 5
Servicer's Certificate
for the Collection Period September 01, 2024 through September 30, 2024
for Payment Date of October 15, 2024
Toyota Auto Receivables 2023-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
|
Collection Period |
30 |
30/360 Days |
30 | ||||
|
Interest Accrual Period |
29 |
Actual/360 Days |
29 |
Collections
|
Principal Payments Received |
$30,023,205.72 | |||
|
Prepayments in Full |
$12,688,782.98 | |||
|
Interest Payments Received |
$5,255,105.34 | |||
|
Aggregate Net Liquidation Proceeds |
$438,426.73 | |||
|
Interest on Repurchased Contracts |
$337.58 | |||
|
Total Collections |
$48,405,858.35 | |||
|
Principal of Repurchased Contracts |
$48,417.09 | |||
|
Principal of Repurchased Contracts, prev charged-off |
$1,434.77 | |||
|
Adjustment on Repurchased Contracts |
$0.00 | |||
|
Total Repurchased Amount |
$49,851.86 | |||
|
Total Available Collections |
$48,455,710.21 |
Distributions
| Calculated Amount | Amount Paid | Shortfall | ||||||||||||
|
Servicing Fee |
$1,018,106.67 | $1,018,106.67 | $0.00 | |||||||||||
|
Trustee and Other Fees/Expenses (capped at $300,000.00 per calendar year) |
||||||||||||||
|
Indenture Trustee |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Owner Trustee |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Asset Representations Reviewer |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Interest - Class A-1 Notes |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Interest - Class A-2a Notes |
$1,072,347.90 | $1,072,347.90 | $0.00 | |||||||||||
|
Interest - Class A-2b Notes |
$1,053,058.15 | $1,053,058.15 | $0.00 | |||||||||||
|
Interest - Class A-3 Notes |
$2,559,480.00 | $2,559,480.00 | $0.00 | |||||||||||
|
Interest - Class A-4 Notes |
$324,825.00 | $324,825.00 | $0.00 | |||||||||||
|
First Priority Principal Distribution Amount |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Interest - Class B Notes |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Second Priority Principal Distribution Amount |
$24,927,240.09 | $24,927,240.09 | $0.00 | |||||||||||
|
Reserve Account Deposit |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Regular Principal Distribution Amount |
$13,600,024.69 | $13,600,024.69 | $0.00 | |||||||||||
|
Additional Trustee and Other Fees/Expenses |
||||||||||||||
|
Indenture Trustee |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Owner Trustee |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Asset Representations Reviewer |
$0.00 | $0.00 | $0.00 | |||||||||||
|
Excess Amounts to the Certificateholder |
$3,900,627.71 | $3,900,627.71 | N/A |
Page 3 of 5
Servicer's Certificate
for the Collection Period September 01, 2024 through September 30, 2024
for Payment Date of October 15, 2024
Toyota Auto Receivables 2023-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
|
Collection Period |
30 |
30/360 Days |
30 | ||||
|
Interest Accrual Period |
29 |
Actual/360 Days |
29 |
Noteholder Distributions
|
Interest Distributed |
Per $1000 of Original Balance |
Principal Distributed |
Per $1000 of Original Balance |
Amount Distributed |
Per $1000 of Original Balance |
||||||||||||||||||||||||
|
Class A-1 Notes |
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||||||||||||||||||
|
Class A-2a Notes |
$1,072,347.90 | $3.43 | $19,263,632.39 | $61.68 | $20,335,980.29 | $65.11 | |||||||||||||||||||||||
|
Class A-2b Notes |
$1,053,058.15 | $3.37 | $19,263,632.39 | $61.68 | $20,316,690.54 | $65.05 | |||||||||||||||||||||||
|
Class A-3 Notes |
$2,559,480.00 | $4.62 | $0.00 | $0.00 | $2,559,480.00 | $4.62 | |||||||||||||||||||||||
|
Class A-4 Notes |
$324,825.00 | $4.58 | $0.00 | $0.00 | $324,825.00 | $4.58 | |||||||||||||||||||||||
|
Class B Notes |
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Delinquent and Repossessed Contracts
|
Percentage of Current Month Number of Contracts |
Units |
Percentage of Current Month Receivables Pool Balance |
Balance | |||||||||||||
|
30-59 Days Delinquent |
0.80% | 428 | 1.06% | $12,426,136.61 | ||||||||||||
|
60-89 Days Delinquent |
0.25% | 134 | 0.33% | $3,914,447.82 | ||||||||||||
|
90-119 Days Delinquent |
0.09% | 51 | 0.13% | $1,545,180.41 | ||||||||||||
|
120 or more Days Delinquent |
0.00% | 0 | 0.00% | $0.00 | ||||||||||||
|
Total Delinquencies |
1.14% | 613 | 1.52% | $17,885,764.84 | ||||||||||||
|
Total Delinquencies - Prior Period |
1.18% | 1.54% | ||||||||||||||
|
Total Delinquencies - Two Months Prior |
1.20% | 1.56% | ||||||||||||||
|
Total Delinquencies - Three Months Prior |
1.17% | 1.50% | ||||||||||||||
|
Receivables Pool Balance |
$1,177,786,353.21 | |||||||||||||||
|
60-Day Delinquency Percentage |
0.46% | |||||||||||||||
|
Delinquency Trigger Percentage |
4.65% | |||||||||||||||
|
Has a Delinquency Trigger occurred in this Collection Period? |
No |
|
Repossessed Vehicle Inventory* |
16 vehicles | |||||
|
* Included with Delinquencies Above |
Page 4 of 5
Servicer's Certificate
for the Collection Period September 01, 2024 through September 30, 2024
for Payment Date of October 15, 2024
Toyota Auto Receivables 2023-D Owner Trust
Toyota Auto Finance Receivables, LLC
SELLER
Toyota Motor Credit Corporation
SERVICER
I hereby certify to the best of my knowledge that the report provided is true and correct.
|
/s/ Stephen Bishop |
||
| Name: | Stephen Bishop | |
| Title: | General Manager - Treasury |
Page 5 of 5